Kendall Law Group Investigates Gen-Probe Inc.
April 30 2012 - 11:20AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Gen-Probe Inc. (NASDAQ: GPRO) for shareholders in
connection with the proposed acquisition by Hologic Inc. The
national securities firm’s investigation seeks to determine whether
Gen-Probe and its Board breached their fiduciary duties by entering
into the agreement without properly shopping for a deal that would
provide better value for shareholders. If you are a Gen-Probe
shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at investor@kendalllawgroup.com.
On April 30, 2012, the companies announced the definitive merger
agreement under which Gen-Probe would be acquired by Hologic, in a
transaction valued at approximately $3.75 billion. Under the terms
of the agreement, Gen-Probe stockholders will receive $82.75 in
cash for each share of Gen-Probe/GPRO common stock held. The offer
price represents a 20 percent premium to Gen-Probe's Friday closing
price of $68.71. The firm’s investigation seeks to determine
whether Gen-Probe and its Board undertook a fair process in
negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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